A govt loan program may be a good funding option for your start up small business. However, all small businesses are different. So, it is best to weigh your options. A loan from the government generally comes with no or low interest rates, and can be offered with different conditions for eligibility than the bank. People who have been rejected by the bank for loans still may have a chance at getting government funding, and these loans usually have no or low interest. If the only thing holding you back from making your small business the best it can be is your finances, a loan may be just the thing to push your company higher.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.